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RICHMOND - Tredegar Corporation (NYSE:TG) announced Thursday that President and Chief Executive Officer John M. Steitz will retire effective December 31, 2025, with Arijit "Bapi" DasGupta elected to succeed him starting January 1, 2026. The industrial manufacturer, currently valued at approximately $268 million, has seen its shares trading at $7.84, with a notable 14% price return over the past year.
DasGupta, who has been with Tredegar since 2007 and has served as President of the company’s PE Films business unit since 2015, will also join the Board of Directors. Steitz has served as a director since 2018 and as President and CEO since 2019.
In a concurrent leadership change, Frasier W. Brickhouse II will become Vice President and Chief Financial Officer on January 1, 2026, replacing D. Andrew Edwards, whose previously announced retirement takes effect December 31, 2025. Brickhouse joined Tredegar in 1993 and has held the positions of Corporate Controller since 2009 and Treasurer since 2016.
"Both John and Drew have been invaluable members of our management team," said Gregory A. Pratt, Chairman of the Board, in a press release statement. "We are fortunate to have Bapi and Frasier as John’s and Drew’s highly qualified successors."
Tredegar Corporation is an industrial manufacturer with approximately 1,600 employees operating manufacturing facilities in North America and Asia. The company focuses on custom aluminum extrusions for North American markets and surface protection films for global electronics applications.
In other recent news, Tredegar Corporation announced that its Chief Financial Officer and Executive Vice President, D. Andrew Edwards, will retire effective December 31, 2025. The company’s board of directors and executive leadership team are actively evaluating options to ensure a smooth transition. Further details about the succession plans are expected to be disclosed at a later date. This development marks a significant change in the company’s executive leadership. No additional information regarding earnings, revenue, or analyst ratings has been provided at this time. Investors and stakeholders will be keenly watching for updates on the succession plans.
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